Disclaimer






"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
Drop Down MenusCSS Drop Down MenuPure CSS Dropdown Menu
There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

GREEN LODGE

Green lodge asking $135m for en bloc deal
Business Times - 31 Dec 2009
Green Lodge Condo up for en bloc sale
Straits Times - 31 Dec 2009
Greenlodge Condominium up for collective sale, asking price $135m
Channel NewsAsia - 31 Dec 2009
.
Project Name:
GREEN LODGE
Address:
19, 19A TOH TUCK ROAD
Type: APARTMENT / CONDO
District: 21
Year Completed: 1984
Tenure: FREEHOLD
Total Units: 80
.
Not a good price - their 40% premium will surely be eroded 1-2 yrs down the line. Already the new projected is projected to be double the price psf. Another case of HALF THE SIZE and DOUBLE THE PRICE. If the owners try to relocate to other established condos in the area they will also find the prices there would have risen on the back of an expected influx of GreenLodge enblocers....
Basing the en bloc price on resale prices of surrounding condominiums in the present market is wrong, wrong, wrong. When will they ever learn!!
Green Lodge will be snapped up at this bargain basement price.
Freehold too!

2 comments:

  1. Green Lodge is staging another en bloc attempt. A new sales committee is formed, and in the midst of appointing a marketing agent. But the funny thing is, units in the developement are changing hands fast. Recent asking price matches or is higher than en bloc price, yet there are interested parties wanting to buy.

    ReplyDelete
  2. itshometome29 August, 2010

    Have they been formally elected at an EOGM?

    ReplyDelete